OPEN DOOR INTERPRETING (BSL) LTD

Executive Summary

Open Door Interpreting (BSL) Ltd shows a stable financial position with growing net assets and strong liquidity, supported by substantial cash reserves. While the increase in taxation and social security creditors warrants further review, there are no immediate solvency or compliance concerns. Overall, the company appears low risk for investors, though its small operational scale should be considered.

OPEN DOOR INTERPRETING (BSL) LTD - Analysis Report

Company Number: 13126694

Analysis Date: 2025-07-20 11:51 UTC

1. Risk Rating: LOW
   The company demonstrates a solid liquidity position, increasing net current assets and shareholders’ funds year on year. There are no overdue filings, and the company is actively trading with a stable director and no indications of insolvency.

2. Key Concerns:

• Taxation and social security creditors increased substantially to £109,358 as of 31 March 2024, which could suggest timing issues in tax payments or accruals requiring further clarification.
• Trade debtors, while growing, remain modest and should be monitored for collectability to avoid cash flow strain.
• The company operates with minimal fixed assets and a small workforce (average 2 employees), which may limit operational scalability and resilience.

3. Positive Indicators:

• Strong cash reserves (£200k+) relative to current liabilities, supporting good short-term liquidity.
• Consistent growth in net current assets and shareholders’ funds over the last three years, implying profitability and retained earnings accumulation.
• Up-to-date statutory compliance with no overdue accounts or confirmation statements, reflecting sound governance practices.

4. Due Diligence Notes:

• Review the nature and timing of the tax and social security creditor balance to assess any potential risks or liabilities.
• Confirm the quality and aging of trade receivables to evaluate cash collection risk.
• Examine business model sustainability and client concentration given the small scale of operations and limited employee base.
• Verify the director’s capacity and experience managing the business, given the company’s small size and growth trajectory.
• Consider reviewing any related party transactions or loans as none are disclosed but may exist given the small scale.